sustainability
Sustainable Growth
To achieve long-term success and controlled growth, we rely on a healthy mix of risk between the operating units. We strive to realize the ambitious growth targets of our corporate strategy without neglecting sustainability aspects.
The operating units act independently while being strategically connected. We publish our consolidated financial statements. By additionally publishing economic indicators in accordance with GRI requirements in Marquard & Bahls’ annually Sustainability Report, we present a comprehensive picture of our contribution to the sustainability of a larger economic system. We pay taxes, create jobs, and invest in the local infrastructure in Houston and many other places around the world.
Risk Management
One of the greatest challenges as we pursue our strategy of controlled, long-term growth is to limit the manifold financial, operational and HSSE risks. That is why we work based on a permanent and thorough risk management scheme that individually rates all risks and defines tailor-made mandates, tasks, and responsibilities. To further ensure a healthy mix of risk, all risks – including social and environmental ones – are evaluated in the context of the entire group of companies. We take a decentralized approach whereby risks are broken out to the individual companies and responsibility is assigned at operating unit level. The principal risks that may affect future business performance include:
- Currency fluctuation
- Unreasonably stricter environmental laws
- Political conflict in oil-producing countries and the resultant tensions on the oil markets
- Rising prices for natural resources and purchased energy
- Environmental and natural disasters as well as effects of the climate change
- Higher risks in countries we are active in
Supplier & Customer Relations
We treat our suppliers with respect, maintain an honest relationship with everyone involved in the business processes, and strive to establish a long-term cooperative partnership. For us at LSI Terminals, this means not only acting responsibly on our own premises, but along the entire supply chain.
Internal supplier lists increase transparency in the quality and performance of our business partners, with the ultimate goal of giving our customers excellent services and products. At our sites of operation we also place great importance on safe working procedures for employees from sub-contractors.